FINWIRES · TerminalLIVE
FINWIRES

Dow Jones Industrial Average

Dow Jones
IndexIndex

1,498 stories mentioning Dow Jones Industrial AverageUpdated just now

Climbed to a record close, settling near 51,670, after a US-Iran framework to reopen the Strait of Hormuz sent oil prices tumbling.

What's the latest news on Dow Jones Industrial Average?

Japan

Update: Consumer Discretionary Helps Push US Equity Indexes Higher in Midday Trading

(Updates with index/price moves, macroeconomic data, and company/political news from the first paragraph.)US equity indexes rose amid gains in consumer discretionary and as crude oil prices extended declines to levels seen before the Iran war.The Nasdaq Composite climbed 0.3% to 25,428.3 after midday Friday. The S&P 500 edged up 0.2% to 7,372.4, and the Dow Jones Industrial Average advanced 0.3% to 52,049.7.Technology and industrials led the four declining sectors intraday. Health care, consumer discretionary, and real estate were among the top gainers.IBM's (IBM) technology capable of producing chips smaller than one nanometer represents a "major moment" for the semiconductor industry amid increasing artificial intelligence workloads, Wedbush Securities said in a note on Friday. IBM has created what it calls the "world's first sub-1 nanometer chip technology," the company said Thursday. IBM shares jumped 4.1%, making it the Dow's leader.Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering until next year, the New York Times reported Thursday, citing three people involved in the company's deliberations. The ChatGPT maker hired bankers and lawyers, eyeing an IPO as soon as Q3 or Q4, with CEO Sam Altman pushing for a $1 trillion valuation, according to the report. Shares of Microsoft advanced 5%, among the Dow's top gainers.In geopolitical news, 115 vessels and 2,500 seafarers have been evacuated from the Strait of Hormuz since Tuesday, said Arsenio Dominguez, the secretary-general of the UN's International Maritime Organization, according to a report from Al Jazeera.The front-month global benchmark North Sea Brent fell 4.2% to $72.13 per barrel, and the US West Texas Intermediate 3.9% to $69.11 per barrel, extending their declines to the lowest since the beginning of the Iran war.

Dow JonesNasdaq CompositeS&P 500$IBM$MSFT
Commodities

Correction: Exchange-Traded Funds, Equity Futures Decline Pre-Bell Friday as Investors Shift Focus From Middle East to Technology Stocks

(Corrects the third paragraph to state that May advance trade deficit widened.)The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.7%, and the actively traded Invesco QQQ Trust (QQQ) retreated 1.6% in Friday's premarket activity, as investors shifted their focus from the US-Iran conflict in the Middle East to technology stocks.US stock futures were also lower, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures retreating 1.4% before the start of regular trading.The US advance international trade in goods deficit widened to $105.76 billion in May from $83.01 billion in April, according to data released by the US Census Bureau.June's final University of Michigan consumer sentiment report is slated for a 10 am ET release, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm ET.Federal Reserve Bank of Minneapolis President Neel Kashkari is scheduled to speak on Friday.In premarket action, bitcoin was down 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was down 0.2%, ProShares Ether ETF (EETH) declined by 1.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) lost 0.01%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.5%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.8%, and the iShares US Consumer Staples ETF (IYK) was 0.1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.Trip.com (TCOM) shares were down more than 3% pre-bell as multiple analyst price target cuts followed the company's Q1 earnings announcement.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.2% lower.HIVE Digital Technologies (HIVE) shares traded down 6.1% in early hours activity after the company priced an offering of $115 million worth of 0% exchangeable senior notes due 2031 in a private offering.HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.03%, the Vanguard Health Care Index Fund (VHT) was up 1.1%, while the iShares US Healthcare ETF (IYH) rose 0.5%. The iShares Biotechnology ETF (IBB) was 0.1% lower.Nuvation Bio (NUVB) stock was down nearly 1% premarket, extending losses from the previous day's 10% fall. The company said late Thursday it priced an underwritten offering of $250 million of 0.75% convertible senior notes due in 2032.EnergyThe iShares US Energy ETF (IYE) was marginally higher, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.5%.Equinor (EQNR) stock was down nearly 2% before market open after the company said it is ending its offshore wind business activities in Japan and shutting its Tokyo office by the end of the year.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.2%, while the Vanguard Industrials Index Fund (VIS) gained by 0.2% and the iShares US Industrials ETF (IYJ) was flat.AerCap (AER) stock was up more than 2% before the opening bell after the company said it delivered the first of three Airbus A321neo aircraft to Azerbaijan Airlines.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 2.1%, and the iShares US Technology ETF (IYW) was 1.4% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 2.9%, while the iShares Semiconductor ETF (SOXX) fell by 4.3%.Microsoft (MSFT) shares were up 1.4% in premarket activity after closing the prior day with a 3.5% fall. The Italian Competition Authority said the company faces a formal regulatory investigation into whether it engaged in deceptive marketing during a recent price increase for Microsoft 365.CommoditiesFront-month US West Texas Intermediate crude oil fell by 3.1% to $69.70 per barrel on the New York Mercantile Exchange. Natural gas gained by 2.9% to $3.44 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 3.2%, while the United States Natural Gas Fund (UNG) was 2.5% higher.Gold futures for July were up by 0.4% to $4,063.80 an ounce on the Comex. Silver futures gained by 0.1% to $58.83 an ounce. SPDR Gold Shares (GLD) advanced by 0.4%, and the iShares Silver Trust (SLV) was 0.5% higher.

Dow JonesNasdaq CompositeS&P 500$AER$BETH$BITO$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$HIVE$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MSFT$NUVB$PMR$QQQ$RTH$SLV$SOXX$SPY$TCOM$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries

(Updates with latest index futures, equity, and oil prices in the second, third, and sixth paragraphs, respectively, and updated economic results in the seventh and eighth paragraphs.)Tech stocks swooned and broader equity index futures declined in Friday's premarket trading amid concerns about the profitability of AI, lingering worries about Middle East stability, and potential interest rate hikes.Nasdaq futures were down 1.0% while S&P 500 futures fell 0.3% and Dow futures advanced 0.1% in the pre-bell session.The tech sector was dragged down by chipmakers including Micron Technologies (MU), down 6.2%, Intel (INTC), down 3.8%, AMD (AMD), down 4%, and Nvidia (NVDA), down 1.7%, while memory storage firm Western Digital (WDC) was down 5.9%.Investors were spooked by reports that Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering and an Iranian attack on a ship transiting the Strait of Hormuz. Inflation fears have also spiked in recent days after US President Donald Trump delayed signing a bi-partisan bill to bring down housing costs, diminishing hopes of a rate cut.Despite elevated security concerns in the Persian Gulf, oil prices continued a slide that has followed the signing of a memorandum of understanding between Washington and Tehran that saw the reopening of the Strait of Hormuz to commercial ship traffic.Brent crude was down 3.1% to $72.94 per barrel while West Texas crude prices were down 2.8% to $69.90 per barrel, the lowest levels since the start of the Feb. 28 attacks by the US and Israel on Iran that sparked months of war and uncertainty.May's goods trade gap rose sharply. Imported goods exceed exports by $105.76 billion, up from a revised figure of $83.0 billion in April and above the $85.0 billion expected by analysts.May wholesale inventories increased 0.3%, down from a 0.7% increase in April and below the expected 0.4% rise.Analysts expect a rise in June consumer sentiment to 50.0 from 48.9 in May in the University of Michigan survey set for release at 10 ET

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$NVDA$WD
Commodities

Exchange-Traded Funds, Equity Futures Decline Pre-Bell Friday as Investors Shift Focus From Middle East to Technology Stocks

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.7%, and the actively traded Invesco QQQ Trust (QQQ) retreated 1.6% in Friday's premarket activity, as investors shifted their focus from the US-Iran conflict in the Middle East to technology stocks.US stock futures were also lower, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures retreating 1.4% before the start of regular trading.The US advance international trade in goods deficit narrowed to $105.76 billion in May from $83.01 billion in April, according to data released by the US Census Bureau.June's final University of Michigan consumer sentiment report is slated for a 10 am ET release, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm ET.Federal Reserve Bank of Minneapolis President Neel Kashkari is scheduled to speak on Friday.In premarket action, bitcoin was down 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was down 0.2%, ProShares Ether ETF (EETH) declined by 1.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) lost 0.01%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.5%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.8%, and the iShares US Consumer Staples ETF (IYK) was 0.1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.Trip.com (TCOM) shares were down more than 3% pre-bell as multiple analyst price target cuts followed the company's Q1 earnings announcement.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.2% lower.HIVE Digital Technologies (HIVE) shares traded down 6.1% in early hours activity after the company priced an offering of $115 million worth of 0% exchangeable senior notes due 2031 in a private offering.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.03%, the Vanguard Health Care Index Fund (VHT) was up 1.1%, while the iShares US Healthcare ETF (IYH) rose 0.5%. The iShares Biotechnology ETF (IBB) was 0.1% lower.Nuvation Bio (NUVB) stock was down nearly 1% premarket, extending losses from the previous day's 10% fall. The company said late Thursday it priced an underwritten offering of $250 million of 0.75% convertible senior notes due in 2032.EnergyThe iShares US Energy ETF (IYE) was marginally higher, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.5%.Equinor (EQNR) stock was down nearly 2% before market open after the company said it is ending its offshore wind business activities in Japan and shutting its Tokyo office by the end of the year.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.2%, while the Vanguard Industrials Index Fund (VIS) gained by 0.2% and the iShares US Industrials ETF (IYJ) was flat.AerCap (AER) stock was up more than 2% before the opening bell after the company said it delivered the first of three Airbus A321neo aircraft to Azerbaijan Airlines.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 2.1%, and the iShares US Technology ETF (IYW) was 1.4% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 2.9%, while the iShares Semiconductor ETF (SOXX) fell by 4.3%.Microsoft (MSFT) shares were up 1.4% in premarket activity after closing the prior day with a 3.5% fall. The Italian Competition Authority said the company faces a formal regulatory investigation into whether it engaged in deceptive marketing during a recent price increase for Microsoft 365.CommoditiesFront-month US West Texas Intermediate crude oil fell by 3.1% to $69.70 per barrel on the New York Mercantile Exchange. Natural gas gained by 2.9% to $3.44 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 3.2%, while the United States Natural Gas Fund (UNG) was 2.5% higher.Gold futures for July were up by 0.4% to $4,063.80 an ounce on the Comex. Silver futures gained by 0.1% to $58.83 an ounce. SPDR Gold Shares (GLD) advanced by 0.4%, and the iShares Silver Trust (SLV) was 0.5% higher.

Dow JonesNasdaq CompositeS&P 500$AER$BETH$BITO$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$HIVE$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MSFT$NUVB$PMR$QQQ$RTH$SLV$SOXX$SPY$TCOM$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Japan

Update: Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries

(Updates with latest index futures, equity, and oil prices in the second, third, and sixth paragraphs, respectively, and updated economic results in the seventh and eighth paragraphs.)Tech stocks swooned and broader equity index futures declined in Friday's premarket trading amid concerns about the profitability of AI, lingering worries about Middle East stability, and potential interest rate hikes.Nasdaq futures were down 1.0% while S&P 500 futures fell 0.3% and Dow futures advanced 0.1% in the pre-bell session.The tech sector was dragged down by chipmakers including Micron Technologies (MU), down 6.2%, Intel (INTC), down 3.8%, AMD (AMD), down 4%, and Nvidia (NVDA), down 1.7%, while memory storage firm Western Digital (WDC) was down 5.9%.Investors were spooked by reports that Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering and an Iranian attack on a ship transiting the Strait of Hormuz. Inflation fears have also spiked in recent days after US President Donald Trump delayed signing a bi-partisan bill to bring down housing costs, diminishing hopes of a rate cut.Despite elevated security concerns in the Persian Gulf, oil prices continued a slide that has followed the signing of a memorandum of understanding between Washington and Tehran that saw the reopening of the Strait of Hormuz to commercial ship traffic.Brent crude was down 3.1% to $72.94 per barrel while West Texas crude prices were down 2.8% to $69.90 per barrel, the lowest levels since the start of the Feb. 28 attacks by the US and Israel on Iran that sparked months of war and uncertainty.May's goods trade gap rose sharply. Imported goods exceed exports by $105.76 billion, up from a revised figure of $83.0 billion in April and above the $85.0 billion expected by analysts.May wholesale inventories increased 0.3%, down from a 0.7% increase in April and below the expected 0.4% rise.Analysts expect a rise in June consumer sentiment to 50.0 from 48.9 in May in the University of Michigan survey set for release at 10 ET

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$NVDA$WD
Japan

Tech Stocks Drag Down Equity Index Futures Pre-Bell Amid AI, Gulf Worries

Tech stocks swooned, and broader equity index futures declined in Friday's premarket trading amid concerns about the profitability of AI, lingering worries about Middle East stability, and potential interest rate hikes.Nasdaq futures were down 1.1% while S&P 500 futures fell 0.5% and Dow futures slipped 0.1% in the pre-bell session.The tech sector was dragged down by chipmakers including Intel (INTC), down 3.4%, AMD (AMD), down 3.4%, and Nvidia (NVDA), down 1%, while memory storage firm Western Digital (WD) was down 3.8%.Investors were spooked by reports that Microsoft-backed (MSFT) OpenAI is leaning toward delaying its initial public offering and an Iranian attack on a ship transiting the Strait of Hormuz. Inflation fears have also spiked in recent days after US President Donald Trump blocked his own bill to bring down housing costs, diminishing hopes of a rate cut.Despite elevated security concerns in the Persian Gulf, oil prices continued a days-long slide that followed the signing of a memorandum of understanding between Washington and Tehran that saw the reopening of the Strait of Hormuz to commercial traffic.Brent crude was down 3.3% to $72.75 per barrel while West Texas crude prices were down 3.3% to $69.58 per barrel, the lowest levels since the start of the Feb. 28 attacks by the US and Israel on Iran that sparked months of war and uncertainty.Among the economic news expected is the release of May's goods trade gap. Imported goods are expected to exceed exports by $85.0 billion, up from a revised figure of $83.0 billion in April.May wholesale inventories are expected to increase 0.4%, down from a 0.6% increase in April.Analysts also expect a rise in May consumer sentiment in the monthly University of Michigan survey to 50.0, up from 48.9 in April.

Dow JonesNasdaq CompositeS&P 500$AMD$INTC$NVDA$WD
Stocks Fall Pre-Bell as Tech Weakness Persists
US Markets

Stocks Fall Pre-Bell as Tech Weakness Persists

The benchmark US stock measures were tracking in the red before the open Friday as bearish sentiment in the tech sector continues.The S&P 500 declined 0.4%, the Dow Jones Industrial Average was down less than 0.1% and the Nasdaq decreased 1% in premarket activity. The Nasdaq extended its losing streak to a fourth session on Thursday, while the S&P 500 ended just below the flatline. The Dow finished higher.ChatGPT parent OpenAI is considering delaying its proposed initial public offering until next year, The New York Times reported. The company confidentially filed for a potential IPO in the US earlier this month, reportedly targeting a valuation of up to $1 trillion.Apple's (AAPL) shares rebounded 0.6% pre-bell following a 6.2% drop at the close of Thursday. The iPhone maker increased prices of its iPad and MacBook products amid surging memory and storage chip expenses.Micron Technology (MU) dropped 5.4% after closing the previous session up 16%. Nvidia (NVDA) moved 1.1% lower, while Intel (INTC) fell 3.5% and Qualcomm (QCOM) slipped 1.9%.On Thursday, government data showed that consumer spending rose more than projected in May, while the Federal Reserve's preferred inflation metric accelerated to the fastest reading in more than two years.The US economy's real gross domestic product increased at a 2.1% annualized rate in the quarter ended March, the Bureau of Economic Analysis' third and final estimate showed Thursday. This was up from 1.6% growth reported in the second estimate.Treasury yields declined in premarket action, with the two-year rate retreating 2.9 basis points to 4.09% and the 10-year rate sliding 1.4 basis points to 4.38%.Friday's economic calendar has the international trade in goods data, as well as the retail and wholesale inventories reports, all for May, at 8:30 am ET. The final University of Michigan consumer sentiment report for June posts at 10 am, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm.Federal Reserve Bank of Minneapolis President Neel Kashkari is slated to speak at 11:30 am.West Texas Intermediate crude oil fell 3.7% to $69.28 a barrel before the opening bell, while Brent dropped 3.8 % to $72.43.Two US officials told Reuters on Thursday that Iran had fired at a cargo vessel near Oman as it attempted to pass through the Strait of Hormuz. Iran's Islamic Revolutionary Guard Corps had recently warned vessels against navigating undesignated routes through the strait without coordination with Tehran, according to media reports.Gold inclined 0.5% to $4,067 per troy ounce, while bitcoin edged up 0.2% to $59,298.

Dow JonesNasdaq CompositeS&P 500$AAPL$INTC$MU$NVDA$QCOM
International

Tech Caution Prevails on Wall Street Pre-Bell; Asia, Europe Down

Wall Street futures pointed moderately lower pre-bell Friday as traders again toggled risk off on rich AI and semiconductor-sector valuations.Cautioning markets were reports that prominent AI-modeler OpenAI may delay its IPO until next year, to better secure a $1 trillion valuation. In addition, Apple (AAPL) on Thursday announced it will boost prices on iPads and MacBooks to offset higher memory- and storage-chip costs.In the futures, the S&P 500 fell 0.5%, the Nasdaq declined 1.2% and the Dow Jones was off 0.1%.The VanEck Semiconductor ETF (SMH) traded down 2.8% pre-bell.Asian exchanges traded mostly lower overnight on tech-sector reverses, including 12.5% decline in shares of Japan's tech-financier SoftBank.European bourses tracked south midday on the continent.On the economic calendar is the international trade in goods report, and the retail and wholesale inventories bulletins, all for May, at 8:30 am ET.The University of Michigan's consumer sentiment report for June logs at 10 am, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm.Minneapolis Fed President Neel Kashkari is slated to speak on Friday.In pre-market action, bitcoin traded at $59,723, West Texas Intermediate crude oil traded down 3.7% at $69.27, and 10-year US Treasuries offered 4.38%. Spot gold commanded $4,050 an ounce.

Dow JonesNasdaq CompositeS&P 500
International

Update: US Equity Indexes Mixed as Micron Rally Fails to Lift Tech, Apple Drops After Product Price-Hike Reports

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed after Micron Technology's (MU) blockbuster results, fueled by strong demand for memory, failed to lift technology amid a slump in Apple's (AAPL) shares on reports that the iPhone maker increased product prices, and as the annual inflation rate surged to a three-year high.The Nasdaq Composite fell 0.5% to 25,358.60 on Thursday. The S&P 500 slipped less than 0.1% to 7,357.49, ceding intraday gains. The Dow Jones Industrial Average rose 0.1% to 51,920.62, off session highs. Communication services and consumer discretionary led the decliners, while industrials and health care were among the top gainers. Technology was among the decliners.Micron's shares rose almost 16%, among the top gainers on the S&P 500 and the Nasdaq, after the company reported fiscal Q3 adjusted earnings and revenue that topped estimates, with Q4 guidance also beating consensus. Shares were up more than 19% earlier in the session. Rising production of HBM, the high-bandwidth memory used in AI accelerators, is driving strong momentum for Micron, with HBM revenue already above $1 billion and market share topping 20%, RBC Capital Markets said in a note.Apple shares slumped 6.1%, among the worst performers on the Nasdaq and the Dow, after the company, according to media reports, raised prices of its iPads and MacBooks amid surging memory and storage chip costs.Meanwhile, in economic news, annual inflation accelerated to 4.1% in May, the fastest print since April 2023, matching consensus, based on the personal consumption expenditures, or PCE, price index data from the Bureau of Economic Analysis. It follows a 3.8% gain in April. Core PCE inflation, which strips out food and energy, accelerated to 3.4% from a year ago, as expected, from 3.3% in April. That's the highest reading since October 2023."While we have heard from a number of Fed officials increasingly willing to consider a higher level of rates, as the latest June dot plot shows, the Committee is clearly divided, with essentially the other half viewing policy as in exactly the right spot and anticipating no additional change this year," Stifel Chief Economist Lindsey Piegza said in a note.While the probability of two interest rate increases by December remains elevated, the likelihood slipped to 30% following the PCE data, versus 31% on Wednesday, according to the CME FedWatch tool. There is only a 19% chance that the target rate for fed funds will remain in the 3.5% to 3.75% range by the end of this year.Most US Treasury yields declined, with the 10-year down one basis point to 4.39%. The two-year rate dropped 1.4 basis points to 4.12%.Gold futures climbed 1% to $4,047.60, while silver futures added 0.5% to $58.80.In geopolitical news, Iran's Islamic Revolutionary Guard Corps attacked a Singapore-flagged cargo ship Thursday in the Strait of Hormuz, The Wall Street Journal cited two senior US officials in a news report. Subsequently, the International Maritime Organization suspended its evacuation plan for vessels stranded in the Strait of Hormuz, IMO Secretary-General Arsenio Dominguez said in a report from Al Jazeera, a Middle East news broadcaster, on Thursday.This comes after the Revolutionary Guard had warned that commercial vessels only use routes approved by Tehran, Al Jazeera reported. The warning followed an announcement from Oman setting out a new shipping transit route through the strait on Wednesday, saying it had coordinated the route with the International Maritime Organization, the report said.The front-month global benchmark North Sea Brent jumped 1.3% to $74.69 per barrel, while the US West Texas Intermediate rose 2.2% to $71.92 per barrel, rebounding after touching pre-Iran war levels this week.

Dow JonesNasdaq CompositeS&P 500$AAPL$MU
Update: Nasdaq Extends Losing Streak; Apple Plunges After Price Hikes
US Markets

Update: Nasdaq Extends Losing Streak; Apple Plunges After Price Hikes

(Updates with market moves at the end of the day.)The Nasdaq Composite extended its losing streak to a fourth session on Thursday as a sell-off in Apple (AAPL) shares soured sentiment on Wall Street.The Nasdaq fell 0.5% to 25,358.6, while the S&P 500 ended just below the flatline at 7,357.5. The Dow Jones Industrial Average rose 0.1% to 51,920.9.Among sectors, consumer discretionary saw the steepest decline, while industrials paced the gainers.Apple shares slumped 6.1%, the biggest drop on the S&P 500 and the Dow. The tech giant increased iPad and MacBook prices amid surging memory and storage chip costs.Wedbush Securities said Apple is unlikely to lose customers as a result of the price hikes.Microsoft (MSFT) followed Apple on the Dow, shedding 3.5%. Microsoft announced price increases for the Xbox 512 gigabyte console and the Xbox 1 terabyte model, effective Aug. 1.Micron shares jumped nearly 16%, the third-biggest gainer on the S&P 500. Late Wednesday, the semiconductor manufacturer provided a fiscal fourth-quarter outlook above Wall Street's estimates and reported stronger-than-expected results for the prior three-month period.Darden Restaurants (DRI) issued a full-year earnings outlook below market estimates Thursday, while the restaurant operator's fiscal fourth-quarter sales fell short of expectations. Shares of the Olive Garden and LongHorn Steakhouse parent fell 0.3%.US Treasury yields were mixed, with the two-year rate down 2.5 basis points at 4.13%, while the 10-year rate was little changed at 4.40%.In economic news, US consumer spending rose more than projected in May, while the Federal Reserve's preferred inflation metric accelerated to the fastest reading in more than two years, government data showed.Demand for US durable goods decreased less than estimated in May despite a plunge in civilian aircraft orders, government data showed.US real gross domestic product increased at a 2.1% annualized rate in the first quarter, up from 1.6% growth reported in the second estimate, according to latest official data released Thursday."For the Fed, still nominally elevated inflation remains unfavorable to say the least and clearly justifies a higher policy target," Stifel said in report e-mailed to. "However, with a still solid pace of activity thanks to a resilient consumer and stable labor market conditions, any expectation of a temporary, or 'transitory', impact can quickly derail a hawkish conviction at the Fed to reverse course and simply reinforces the (Federal Open Market) Committee's position on the sidelines."West Texas Intermediate crude oil was up 2.4% at $72.03 a barrel in Thursday late-afternoon trade, while Brent rose 2.2% to $75.39.Gold was last up 0.8% at $4,041.40 per troy ounce, while silver fell 0.3% to $57.90 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$DRI$MSFT$MU
International

US Equity Markets Mixed After Micron Technology's Results, Surge in Annual Inflation Rate

US equity indexes were mixed on Thursday after Micron Technology's (MU) better-than-expected quarterly results and a surge in the annual inflation rate.* Annual inflation accelerated to 4.1% in May, the fastest print since April 2023, matching consensus. Core PCE inflation, which strips out food and energy, accelerated to 3.4% from a year ago, as expected, from 3.3% in April.* On a month-on-month basis, inflation held steady at 0.4% in May, slower than the 0.5% consensus. Core PCE was unchanged at 0.3%, in line with market expectations.* August West Texas Intermediate crude oil rose $1.69 to settle at $72.03 per barrel, while August Brent crude, the global benchmark, was last seen up $1.61 at $75.35.* Micron Technology shares rose nearly 16%, among the top gainers on the S&P 500 and the Nasdaq, after the company reported fiscal Q3 adjusted earnings and revenue late Wednesday that beat estimates, with Q4 guidance also exceeding consensus.* Apple (AAPL) shares were down about 6.1%, the worst performer on the S&P 500 and the Dow, after the company, according to media reports, raised prices of its iPads and MacBooks amid surging memory and storage chip costs.

Dow JonesNasdaq CompositeS&P 500$AAPL$MU
International

Update: US Equity Indexes Mixed as Micron's Blockbuster Results Fail to Trigger Tech Rally While Apple Weighs

(Updates with index/price moves and geopolitical/company news from the first paragraph.)US equity indexes traded mixed after Micron Technology's (MU) strong quarterly results failed to lift technology amid a slump in Apple's (AAPL) shares, and the annual inflation rate surged to its highest level in more than three years.The Nasdaq Composite fell 0.6% to 25,316.1 ahead of Thursday's close. The S&P 500 slipped 0.1% to 7,349.2, giving up intraday gains. The Dow Jones Industrial Average rose 0.2% to 51,968.8, off session highs. Communication services and consumer discretionary led the decliners, while industrials and health care were standout gainers. Technology was among the decliners.Micron's shares rose past 14%, among the top gainers on the S&P 500 and the Nasdaq, after the company reported fiscal Q3 adjusted earnings and revenue that topped estimates, with Q4 guidance also beating consensus. Shares jumped more than 19% earlier in the session. Rising production of HBM, the high-bandwidth memory used in AI accelerators, is driving strong momentum for Micron, with HBM revenue already above $1 billion and market share topping 20%, RBC Capital Markets said in a note.Apple shares slumped 5.2%, among the worst performers on the Nasdaq and the Dow, after the company, according to media reports, raised prices of its iPads and MacBooks amid surging memory and storage chip costs.Meanwhile, in economic news, annual inflation accelerated to 4.1% in May, the fastest print since April 2023, matching consensus, based on the personal consumption expenditures, or PCE, price index data from the Bureau of Economic Analysis. It follows a 3.8% gain in April. Core PCE inflation, which strips out food and energy, accelerated to 3.4% from a year ago, as expected, from 3.3% in April. That's the highest reading since October 2023.In geopolitical news, Iran's Islamic Revolutionary Guard Corps attacked a Singapore-flagged cargo ship Thursday in the Strait of Hormuz, The Wall Street Journal cited two senior US officials in a news report.This comes after the Revolutionary Guard had warned that commercial vessels only use routes approved by Tehran, Al Jazeera, a Middle East news broadcaster, reported on Thursday. The warning followed an announcement from Oman setting out a new shipping transit route through the strait on Wednesday, saying it had coordinated the route with the International Maritime Organization, the news report said.The front-month global benchmark North Sea Brent jumped 2.7% to $75.75 per barrel, and the US West Texas Intermediate climbed 2.9% to $72.37 per barrel, rebounding after touching pre-Iran war levels this week.

Dow JonesNasdaq CompositeS&P 500$AAPL$MU
Update: Equity Markets Mixed Intraday as Apple Falls, Micron Rallies
US Markets

Update: Equity Markets Mixed Intraday as Apple Falls, Micron Rallies

(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday amid a sell-off in Apple (AAPL) shares and a post-earnings surge in Micron Technology (MU) stock, while investors parsed a slew of economic data.The Nasdaq Composite was down 0.5% at 25,359.4 after midday Thursday, while the Dow Jones Industrial Average rose 0.4% to 52,036.4. The S&P 500 was little changed at 7,360.5. Among sectors, consumer discretionary and communication services saw the steepest declines, while industrials paced the gainers.Apple shares were down 5.3%, the biggest drop on the Dow and among the worst on the S&P 500. The tech giant increased iPad and MacBook prices amid surging memory and storage chip costs, news outlets reported.Micron shares jumped 16%, the third-biggest gainer on the S&P 500. Late Wednesday, the semiconductor manufacturer provided a fiscal fourth-quarter outlook above Wall Street's estimates and reported stronger-than-expected results for the prior three-month period.The results show "the memory and chip trade is well-intact and still in the early stages of playing out with the (artificial intelligence) revolution still in the (third) inning," Wedbush Securities said in a client note. "We are seeing no cracks in AI demand on the chips/hardware or software front which gives us a bright green light to own the core tech winners into year-end."Darden Restaurants (DRI) issued a full-year earnings outlook below market estimates Thursday, while the restaurant operator's fiscal fourth-quarter sales fell short of expectations. Shares of the Olive Garden and LongHorn Steakhouse parent were down 1.7% intraday.US Treasury yields were lower, with the two-year rate down 2.8 basis points at 4.11% and the 10-year rate falling 1.6 basis points to 4.38%.In economic news, US consumer spending rose more than projected in May, while the Federal Reserve's preferred inflation metric accelerated to the fastest reading in more than two years, government data showed."(Personal consumption expenditure) price inflation remains too high and will keep the Fed on hold and mulling a potential rate hike at upcoming meetings," BMO said in a note. "On the bright side, a lot of the goods price inflation seemed to be driven by the energy complex, so as energy prices drop this source of inflation pressure should fade."US real gross domestic product increased at a 2.1% annualized rate in the first quarter, up from 1.6% growth reported in the second estimate, according to latest official data released Thursday.Demand for US durable goods decreased less than estimated in May despite a plunge in civilian aircraft orders, government data showed.West Texas Intermediate crude oil was up 1.6% at $71.46 a barrel intraday, while Brent rose 1.3% to $74.72.Gold was up 0.9% at $4,045.50 per troy ounce, while silver rose 0.6% to $58.40 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$DRI$MU
International

Update: US Equity Indexes Mixed as Tech Bulls Whistle Past Micron's Blockbuster Results, Inflation Surges to Three-Year High

(Updates with index/price moves, macroeconomic data, and company/political news from the first paragraph.)US equity indexes traded mixed after strong quarterly results from the $1.4 trillion market-cap Micron Technology (MU) failed to lift technology, and as the annual inflation rate surged to its highest level in more than three years.The Nasdaq Composite fell 0.5% to 25,338.8 after midday Thursday. The S&P 500 slipped by less than 0.1% to 7,354.5, giving up intraday gains. The Dow Jones Industrial Average rose 0.3% to 52,022.6, off session highs. Communication services and consumer discretionary led the decliners, while industrials and health care were standout gainers.In company news, Micron Technology (MU) shares rose nearly 16%, among the top gainers on the S&P 500 and the Nasdaq, after the company reported fiscal Q3 adjusted earnings and revenue that topped estimates, with Q4 guidance also beating consensus. Shares jumped more than 19% earlier in the session.In economic news, annual inflation accelerated to 4.1% in May, the fastest print since April 2023, matching consensus, based on the personal consumption expenditures, or PCE, price index data from the Bureau of Economic Analysis. It follows a 3.8% gain in April. Core PCE inflation, which strips out food and energy, accelerated to 3.4% from a year ago, as expected, from 3.3% in April. That's the highest reading since October 2023.On a month-on-month basis, inflation held steady at 0.4% in May, slower than the 0.5% consensus. Core PCE was unchanged at 0.3%, in line with market expectations."PCE price inflation remains too high and will keep the [Federal Reserve] on hold and mulling a potential rate hike at upcoming meetings," Scott Anderson, chief US economist at BMO, said. "On the bright side, a lot of the goods price inflation seemed to be driven by the energy complex, so as energy prices drop this source of inflation pressure should fade."While the probability of two interest rate increases by December remains elevated, the likelihood slipped to 29% following the PCE data, versus 31% on Wednesday, according to the CME FedWatch tool. There is only a 21% chance that the target rate for fed funds will remain in the 3.5% to 3.75% range by the end of this year.Most US Treasury yields declined, with the 10-year down 1.4 basis points to 4.39%. The two-year rate dropped 2.6 basis points to 4.11%.Gold futures jumped 0.9% to $4,045.20, and silver futures climbed 0.5% to $58.83.Further in economic news, gross domestic product rose by 2.1% in Q1, revised up from a 1.6% jump in the second estimate, above expectations for no revision in a Bloomberg-compiled survey. Sequential economic growth was 0.5% in Q4.In geopolitical news, Iran's Islamic Revolutionary Guard Corps has warned commercial vessels to only use routes through the Strait of Hormuz approved by Tehran, reopening a point of friction in fragile negotiations between the United States and Iran over the future of the strategic waterway, Al Jazeera, a Middle East news broadcaster, reported on Thursday.The warning came after Oman announced a new shipping transit route through the strait on Wednesday, saying it had coordinated the route with the International Maritime Organization as maritime traffic slowly resumes following weeks of disruption, the news report said.Meanwhile, Israel will continue occupying areas of Lebanon, Syria, and Gaza, rejecting pressure to withdraw from territory its military has seized, Israeli Defence Minister Israel Katz was cited as saying in a separate Al Jazeera report.The front-month global benchmark North Sea Brent rose 1.5% to $74.86 per barrel, and the US West Texas Intermediate climbed 1.7% to $71.56 per barrel, rebounding after touching pre-Iran war levels recently.Further in company news, Bio-Techne (TECH) has signed a definitive agreement to be acquired by Merck KGaA for $73 a share, representing an enterprise value of $11.3 billion, the companies said Thursday. Bio-Techne shares soared 20%, the top gainer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$MU$TECH
Asia Markets

Exchange-Traded Funds, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded fund IWM rose while IVV fell. Actively traded Invesco QQQ Trust (QQQ) added 0.5%.US equity indexes were mixed Thursday afternoon, with strong Q3 results from Micron Technology (MU) sending the stock up sharply while failing to lift the technology sector.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 0.7%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.4%; iShares US Technology ETF (IYW) rose 0.3%, and iShares Expanded Tech Sector ETF (IGM) was up 0.5%.The State Street SPDR S&P Semiconductor (XSD) added 1.9%, and iShares Semiconductor (SOXX) rose 3.4%.FinancialThe State Street Financial Select Sector SPDR (XLF) eased 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) rose 0.6%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.6%.CommoditiesCrude oil added 1.8%, and the United States Oil Fund (USO) gained 2.1%. Natural gas advanced 1.3%, and the United States Natural Gas Fund (UNG) was up 0.4%.Gold on Comex added 1.1%, and the State Street SPDR Gold Shares (GLD) rose 0.9%. Silver was up 0.7%, and iShares Silver Trust (SLV) climbed up 1.7%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) slipped 0.6%. The Vanguard Consumer Staples ETF (VDC) fell 0.8%, and iShares Dow Jones US Consumer Goods (IYK) eased 0.1%.The State Street Consumer Discretionary Select Sector SPDR (XLY) shed 1.2%. VanEck Retail ETF (RTH) fell 1.2%, and the State Street SPDR S&P Retail (XRT) was down 0.9%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 1.6%, iShares US Healthcare (IYH) added 1.6%, and Vanguard Health Care ETF (VHT) was up 1.6%. IShares Biotechnology ETF (IBB) gained 1.4%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) advanced 2%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) lost 1.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 1.4%, ProShares Ether ETF (EETH) was down 1.7%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.6% lower.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
International

Update: US Equity Indexes Mixed as Tech Bulls Shrug Off Micron's Blockbuster Fiscal Q3 Amid Hot Inflation Print

(Updates with index/price moves, macroeconomic data, and company news from the first paragraph.)US equity indexes traded mixed after Micron Technology's (MU) strong results failed to boost technology and as inflation remained elevated.The Nasdaq Composite fell 0.1% to 25,445.9, while the S&P 500 rose 0.4% to 7,385.1 and the Dow Jones Industrial Average was up 0.8% to 52,266.4 after midday Thursday. Communication services and consumer discretionary led the decliners, while the industrials sector was the standout gainer.In company news, Micron Technology (MU) shares rose nearly 16%, among the top gainers on the S&P 500 and the Nasdaq, after the company reported fiscal Q3 adjusted earnings and revenue that topped estimates, with Q4 guidance also beating consensus. Shares jumped as high as 19% earlier in the session.In economic news, annual inflation accelerated to 4.1% in May, the fastest print since April 2023, matching consensus, based on the personal consumption expenditures, or PCE, price index data from the Bureau of Economic Analysis. It follows a 3.8% gain in April.Core PCE inflation, which strips out food and energy, accelerated to 3.4% from a year ago, as expected, from 3.3% in April. That's the highest reading since October 2023."PCE price inflation remains too high and will keep the [Federal Reserve] on hold and mulling a potential rate hike at upcoming meetings," Scott Anderson, chief US economist at BMO, said. "On the bright side, a lot of the goods price inflation seemed to be driven by the energy complex, so as energy prices drop this source of inflation pressure should fade."In energy markets, the front-month global benchmark North Sea Brent rose 1.3% to $74.67 per barrel, and the US West Texas Intermediate climbed 1.6% to $71.44 per barrel.

Dow JonesNasdaq CompositeS&P 500$MU
International

Update: Continued Oil Price Decline, Micron Earnings Beat Drive US Equity Futures Higher

US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start of the US-Iran war and memory chip manufacturer Micron Technology (MU) posted strong fiscal Q3 financial results and issued upbeat guidance.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 2.3% higher.Oil prices dropped to their lowest level since Feb. 28 as more oil tankers have started exiting the Strait of Hormuz. Around 20 million barrels of crude have passed through the waterway in the last 24 hours, Reuters cited US Energy Secretary Chris Wright as saying.Front-month global benchmark North Sea Brent crude was down 0.9% to $73.18 per barrel and US West Texas Intermediate crude was 1.1% lower at $69.55 per barrel, slipping below $70 a barrel for the first time since March 2, Reuters said.Micron Technology shares rose 18% in premarket activity after the company overnight reported a fiscal Q3 earnings and revenue beat, and issued fiscal Q4 guidance above market expectations.The May core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, gained 0.3%, matching the increase in the prior month and in line with expectations in a survey compiled by Bloomberg. Durable goods new orders fell 4.5% in May after an 8.5% gain in the prior month, compared with expectations for a 5% decrease.Initial jobless claims dropped to 215,000 in the week ended June 20 from 227,000 in the previous week, compared with expectations for a smaller decrease to 225,000. Q1 GDP growth was revised up to a 2.1% annual rate from 1.6% previously, compared with expectations for no change.Federal Reserve New York President John Williams and Chicago President Austan Goolsbee are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 4.6% higher, Hong Kong's Hang Seng ended 1.4% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was up 0.9%, and Germany's DAX index was 1% higher in Europe's early afternoon session.In equities, joining Micron in the technology sector rally are semiconductor firms Broadcom (AVGO), AMD (AMD), and Intel (INTC), which were up 1.9%, 1%, and 1.4%, respectively.On the losing side, Alphabet's (GOOG, GOOGL) Google shares fell 1.8% after Bloomberg reported that the company is poised to lose two leading AI researchers to Anthropic. Alibaba (BABA) stock was down 2.6% after Bloomberg reported that Anthropic has alleged that Alibaba attempted to "illicitly" access its Claude artificial intelligence model through thousands of fraudulent accounts. Trip.com (TCOM) shares were down more than 12% after the company posted lower Q1 non-GAAP earnings.

Dow JonesNasdaq CompositeS&P 500$AMD$AVGO$BABA$GOOG$GOOGL$INTC$MU$TCOM
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday as Investors Embrace AI Growth Themes, Reduced Middle East Risks

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.7%, and the actively traded Invesco QQQ Trust (QQQ) advanced 2.1% in Thursday's premarket activity, as investors welcomed signs of stability in the Middle East, while technology shares rallied on expectations for continued AI spending.US stock futures were also higher, with S&P 500 Index futures up 0.7%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 2.1% before the start of regular trading.Reports releasing at 8:30 am ET include the personal income and outlays report for May, the third and final estimate report of Q1 gross domestic product, the weekly jobless claims bulletin, the durable goods orders report, and the Chicago Fed national activity index, both for last month.The Kansas City Fed manufacturing index for June posts at 11 am ET.New York Fed President John Williams and Chicago Fed President Austan Goolsbee are slated to speak on Thursday.In premarket action, bitcoin was down by 2.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.1% higher, Ether ETF (EETH) advanced 3.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 0.01%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated by 0.2%, the Vanguard Health Care Index Fund (VHT) was down 0.4%, while the iShares US Healthcare ETF (IYH) was flat, and the iShares Biotechnology ETF (IBB) was up 0.1%.Bio-Techne (TECH) stock rose more than 19% premarket after the company signed a definitive agreement to be acquired by Germany's Merck KGaA for $73 a share, representing an enterprise value of $11.3 billion.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 2.8%, and the iShares US Technology ETF (IYW) was 3.2% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 2.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 4.4%, while the iShares Semiconductor ETF (SOXX) rose by 5.1%.Micron Technology (MU) shares were up over 17% in premarket activity after the company overnight reported a fiscal Q3 earnings and revenue beat, and its guidance for the next quarter also came in above market expectations.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was marginally lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) fell by 0.2%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.Trip.com (TCOM) shares were down more than 11% pre-bell after the company reported lower Q1 non-GAAP earnings.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) gained 1.7% and the iShares US Industrials ETF (IYJ) was flat.MDA Space (MDA) stock was up 2.7% before the opening bell after the company said it would provide digital payload, antennas, and subsystems for Japan's defense communications satellite program under contracts from Mitsubishi Electric.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) fell 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.1% higher.Barclays (BCS) shares traded up 2% in early hours activity after the company said that the projected capital ratios for its US business remained above the regulatory minimum levels across all nine quarters of the Federal Reserve's stress test.EnergyThe iShares US Energy ETF (IYE) gained 0.03%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.4%.TotalEnergies (TTE) stock was down more than 1% before market open after closing the previous session with a 2% fall. The company said Wednesday it acquired a 10% stake in the Bab Gas Cap Concession in Abu Dhabi, joining an international consortium to develop the major onshore gas field.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.7% to $69.84 per barrel on the New York Mercantile Exchange. Natural gas was down by 1.4% to $3.27 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 0.4%, while the United States Natural Gas Fund (UNG) was 1.3% higher.Gold futures for July were down by 0.2% to $4,000.90 an ounce on the Comex. Silver futures retreated by 1.3% to $57.74 an ounce. SPDR Gold Shares (GLD) declined by 0.2%, and the iShares Silver Trust (SLV) was 0.1% higher.

Dow JonesNasdaq CompositeS&P 500$BCS$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MDA$MU$PMR$QQQ$RTH$SLV$SOXX$SPY$TCOM$TECH$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Japan

Continued Oil Price Decline, Micron Earnings Beat Drive US Equity Futures Higher Pre-Bell

US equity futures were higher pre-bell Thursday as oil prices fell to their lowest since the start of the US-Iran war and memory chip manufacturer Micron Technology (MU) posted strong fiscal Q3 financial results and issued upbeat guidance.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.7%, and Nasdaq futures were 2.1% higher.Oil prices dropped to their lowest level since Feb. 28 as more oil tankers have started exiting the Strait of Hormuz. Around 20 million barrels of crude and 72 vessels have successfully passed through the waterway in the last 24 hours, Reuters cited US Energy Secretary Chris Wright as saying.Micron Technology shares rose 16% in premarket activity after the company overnight reported a fiscal Q3 earnings and revenue beat, along with fiscal Q4 guidance that came in above market expectations.Front-month global benchmark North Sea Brent crude was down 0.6% at $73.43 per barrel and US West Texas Intermediate crude was 0.7% lower at $69.83 per barrel.The May core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, scheduled for release at 8:30 am ET, is expected to increase 0.3%, up from the prior month's gain of 0.2%, according to estimates compiled by Bloomberg. The May durable goods orders report is expected to show a 5.0% decrease after a gain of 8.0% in the prior month.Initial jobless claims are projected to have declined to 225,000 in the week ended June 20 from 226,000 in the prior week. The preliminary estimate for Q1 GDP is seen coming in at 2.0%, unchanged from the prior value. No change is expected for Q1 GDP, which is seen holding at a 1.6% annual rate.Federal Reserve New York President John Williams and Chicago President Austan Goolsbee are slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$MU
Stocks Rise Pre-Bell as Traders Assess Micron Results, Await Key Inflation Data
US Markets

Stocks Rise Pre-Bell as Traders Assess Micron Results, Await Key Inflation Data

US equity markets were pointing higher before the opening bell Thursday as traders parse Micron Technology's (MU) latest financial results and await key inflation and economic data.The S&P 500 rose 0.8%, the Dow Jones Industrial Average edged up 0.1% and the Nasdaq increased 2.2% in premarket activity. The S&P 500 and Nasdaq closed Wednesday trading down for the third consecutive session, while the Dow finished in the green.Shares of Micron jumped 16% pre-bell as the semiconductor manufacturer issued an upbeat fiscal fourth-quarter outlook and reported stronger-than-expected results for the prior three-month period.Micron's "stellar" earnings report eased tech investors' concerns about the artificial intelligence and memory trade, Wedbush Securities said in a Wednesday client note."The tech sector and chip trade still has a lot of room to go higher over the coming months as the stellar demand trends from our recent Asia checks gives us further confidence to own tech stocks into the second half of 2026 with a stronger growth trajectory ahead," according to the brokerage.Qualcomm's (QCOM) stock rose 12% after the company agreed to acquire software infrastructure firm Modular in a roughly $3.92 billion deal. Nvidia (NVDA) gained 1.4%, while Intel (INTC) advanced 5.4%.Bio-Techne (TECH) spiked 22% as the firm agreed to be acquired by Germany's Merck KGaA in a deal worth $11.3 billion.The personal income and outlays report for May is scheduled to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.Treasury yields rose in premarket action, with the two-year rate advancing 1.3 basis points to 4.15% and the 10-year rate adding 0.8 basis points to 4.41%.Thursday's economic calendar also has the third and final estimate report of the first-quarter gross domestic product at 8:30 am, along with the weekly jobless claims bulletin, the durable goods orders report and the Chicago Fed national activity index, both for last month. The Kansas City Fed manufacturing index for June posts at 11 am.New York Fed President John Williams is slated to speak at 3:40 pm, while Chicago Fed President Austan Goolsbee speaks at 6:30 pm.West Texas Intermediate crude oil declined 1.1% to $69.54 a barrel before the open, while Brent decreased 1.4% to $72.72.Iran's Islamic Revolutionary Guard Corps reportedly said Wednesday it would be "unacceptable and dangerous" for ships to transit new routes through the Strait of Hormuz without coordination with Tehran, CNBC reported, citing local state media.In an emailed report on Wednesday, Stifel said 39 ships moved through the crucial waterway on Monday, still well below the usual average of over 100, but a strong improvement after more than three months of a complete halt in traffic.Darden Restaurants (DRI), TD Synnex (SNX), McCormick (MKC), Acuity (AYI), Commercial Metals (CMC) and BlackBerry (BB) report their latest financial results before the bell, among others.Gold slipped 0.2% to $4,002 per troy ounce, while bitcoin gained 3% to $61,489.

Dow JonesNasdaq CompositeS&P 500$AYI$BB$CMC$DRI$INTC$MKC$MU$NVDA$QCOM$SNX$TECH

Showing 761-780 of 1498

Track with the FINWIRES app suite

FolioX
FolioX
Track Dow Jones Industrial Average in your portfolio
WheelAI
WheelAI
Analyze Dow Jones Industrial Average options with the wheel strategy
StockInsider
StockInsider
See market sentiment on Dow Jones Industrial Average